Brexit referendum: How public is voting in 2017
The Brexit risk has halved the public opinion. More than 50% pro leaving EU besides ratings agency warned for a huge damage on the UK economy.
Pro or against Europe is the actual question everyone is asking all around UK. This time it is not a matter that will be decided only by the politicians’ arguments and decisions. This time it is the people’s vote which matters most. The genuine form of democracy will be taking place in 2017 but with no official or definite date.
Besides the consequences that are most likely to shock the UK economy (according to the analysts and ratings agency) it seems that leaving EU is what most of the population wants. According to recent polls the majority of the public wishes to stay out of the EU area. After the refugee crisis emerged by increasing the migration influx in the UK, the public would now prefer to turn its back on Europe. A poll taken last year revealed that 52% were in favour of leaving and 48% against.
Similar to the public review, Britain’s biggest investors have a split opinion also. They have relative viewpoint over financial markets and UK assets. Brexit will redefine their business jurisdiction in the UK trade markets. For example US investments banks confirmed that they would end their activity in the UK ending 19,000 UK employment contracts, as they are a great supporter of UK and Eurozone partnership. But it is not the same for the technology companies Phone4you and Toyoda which ranks in the anti EU line.
The economy analysts claim that not only the UK but even Scotland and Ireland will experience the financial shock if Brexit achieve their goal. They predict a rapid fall in the sterling currency, business investments, employment, housing prices, an immediate inflation increase and a slow growth on GDP. The Economy analysts explain that everything depends on how UK will renegotiate their deals after getting out. What type of new financial arrangements will be in place?
UK politicians of the anti EU campus refer to the Refugee influx and the terrorist attacks in France as a reason to support Brexit. But the UK government hopes that the public will vote on remaining in the EU zone as they are concerned about the financial issues that may appear afterwards. Those concerns are backed by the EU monetary authorities who believe that certain economical issues would block the financial markets and cause problems internationally. Their advice for David Cameron’s government is they they need to figure out a way to stay in the EU economy.
